KeyCorp Increases Middleby (NASDAQ:MIDD) Price Target to $190.00

Middleby (NASDAQ:MIDD) had its target price upped by equities research analysts at KeyCorp from $175.00 to $190.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target would suggest a potential upside of 13.77% from the company’s current price.

Several other research firms also recently commented on MIDD. Canaccord Genuity Group set a $187.00 price objective on shares of Middleby and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Middleby from $125.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Zacks Research cut shares of Middleby from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Wall Street Zen raised shares of Middleby from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Barclays set a $168.00 target price on shares of Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Middleby currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.17.

Middleby Price Performance

Middleby stock opened at $167.00 on Friday. The business’s 50 day simple moving average is $154.54 and its 200 day simple moving average is $139.16. Middleby has a 12 month low of $110.82 and a 12 month high of $168.85. The company has a market cap of $8.41 billion, a price-to-earnings ratio of -37.95 and a beta of 1.40. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.

Middleby (NASDAQ:MIDD) last issued its earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.15. Middleby had a positive return on equity of 14.66% and a negative net margin of 5.22%.The firm had revenue of $866.43 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $2.88 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Sell-side analysts forecast that Middleby will post 9.11 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert A. Nerbonne bought 780 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of $128.52 per share, with a total value of $100,245.60. Following the acquisition, the director owned 21,471 shares of the company’s stock, valued at approximately $2,759,452.92. The trade was a 3.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 6.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Middleby by 90.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 432 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 205 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Middleby by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,149 shares of the industrial products company’s stock worth $23,884,000 after buying an additional 9,936 shares in the last quarter. Focus Partners Wealth grew its stake in Middleby by 344.7% in the 1st quarter. Focus Partners Wealth now owns 2,228 shares of the industrial products company’s stock worth $339,000 after buying an additional 1,727 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Middleby by 4.1% in the 2nd quarter. Bessemer Group Inc. now owns 10,171 shares of the industrial products company’s stock worth $1,464,000 after buying an additional 396 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Middleby by 24.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 16,591 shares of the industrial products company’s stock valued at $2,389,000 after buying an additional 3,211 shares in the last quarter. Institutional investors own 98.55% of the company’s stock.

More Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Q4 EPS beat — Middleby reported $2.42 EPS vs. consensus $2.27, topping estimates (helping show underlying profitability strength). Middleby (MIDD) Beats Q4 Earnings Estimates
• Positive Sentiment: Revenue and sales growth: net sales increased ~5% year-over-year in Q4, showing modest top‑line expansion even as consensus was missed. The Middleby Corp Net Sales Grow 5% in Q4
• Positive Sentiment: Corporate actions: management named leadership for the Food Processing Group ahead of an expected independent public separation in Q2 2026 — a potential value‑unlock / strategic positive. Middleby Names Mark Salman to Lead Food Processing Business as Chief Executive Officer; Mark Bowie Named Chief Operating Officer
• Positive Sentiment: Short interest dropped ~19% in February (to ~4.2% of float), reducing immediate short‑squeeze risk and indicating less bearish positioning.
• Neutral Sentiment: Full earnings materials published (call transcript and slide deck) — useful for investors wanting granularity on segment trends, margin drivers and settle‑out of one‑time items. The Middleby Corporation (MIDD) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 revenue miss — Company reported $866.4M vs. consensus ~$1.01B, a sizable shortfall that pressured sentiment despite the EPS beat. Middleby (NASDAQ:MIDD) Reports Sales Below Analyst Estimates In Q4 CY2025 Earnings
• Negative Sentiment: Weaker guidance — Q1 revenue guide of $760M–$788M and FY revenue guide ~$3.3B–$3.4B are well below consensus (~$932M Q1 / ~$4.0B FY), and FY EPS guidance (9.20–9.36) is slightly below street expectations; this is the main driver of the down move. Middleby outlines $3.27B–$3.36B 2026 revenue target as portfolio optimization accelerates
• Negative Sentiment: Market reaction note — coverage highlights the stock edging down on the revenue miss and guidance despite the EPS beat, reflecting investor focus on top‑line visibility. Middleby stock edges down on revenue miss despite earnings beat

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.